For more information about this loan program, see PLUS Loans.
Every year, the student and parent must submit a (Free Application for Federal Student Aid (FAFSA). One parent borrower must complete all of the PLUS Loan steps below.
Calculate how much to borrow
Your maximum PLUS loan amount = your Cost of Attendance Budget minus all your other financial aid.
You can borrow loans to cover both your TU charges and your other living and personal
expenses. To calculate how much you need to borrow for this academic year (Fall &
Spring), compare your total grants/scholarships to your estimated costs. To estimate
your costs, review our estimated Cost of Attendance Budgets or review our current rates for tuition, room, and board.
Request a PLUS Loan
You must wait until April 1, 2018 to apply for 2018-2019 PLUS Loans. The federal system will not accept applications before that date.
- Once the system is ready, go to StudentLoans.gov.
- The parent borrower must log in with the parent's Federal Student Aid ID.
- Choose Request a Direct PLUS Loan and complete the application.
- A few days after you submit this application, you should receive an email reply with
your credit check results.
- If you don’t receive a reply, go to StudentLoans.gov then My Loan Documents → Direct PLUS Loan Requests.
- To avoid rebate check delays: Under Credit Balance Options, choose The Student (Parent rebate checks take several weeks longer).
- Under Loan Amount Requested, choose your loan amount for this school year.
- Loan Period (for this school year):
Fall 2018 & Spring 2019 terms = 8/2018 to 5/2019.
The Parent’s Master Promissory Note (MPN):
- New parent borrowers must immediately visit StudentLoans.gov and complete a PLUS MPN for Parents.
- Repeat parent borrowers should confirm that their MPN is already on file by visiting StudentLoans.gov then My Loan Documents → Completed MPNs.
- Four to six weeks after the parent completes these steps and the student has registered
for classes, your PLUS funds will appear on your TU bill as Anticipated Aid.
Viewing Your TU Bill
- Go to Towson Online Services.
- Choose Self Service → Student Center.
- Then, scroll down to the Finances bar and choose Account Inquiry.
Tips and Common Errors
- All borrowers need a valid MPN and need to reapply annually.
- Pay careful attention to which fields want student identity data and which fields
want parent borrower data.
- Enter full legal names for student and parent borrower.
- One parent is the borrower and that parent must complete all application steps (MPN
- The Loan Period can never exceed one academic year.
Rebates when two parents borrow
If two divorced/separated parents borrow separate PLUS loans for the same student,
and the total semester aid exceeds the semester charges and creates an aid rebate,
we can't control how aid rebates will be distributed between the two parents. To
avoid rebate problems, when borrowing the loan at StudentLoans.gov both parents must specify that the rebate should be issued to the student, and must coordinate how those rebate funds will be redistributed or managed with
PLUS Loan Denial Options
If the federal loan processor denied your PLUS loan because of an adverse credit history,
you have the following options: appeal the denial, appeal with an endorser, request
additional unsubsidized loans.
Appeal the Denial
If you feel the reason that the PLUS loan was denied is no longer valid, you may appeal
the credit decision with Federal Student Aid.
- Parent borrower must log into StudentLoans.gov with their FSA ID.
- Under PLUS Loan Process select Document Extenuated Circumstances.
- Submit documentation showing the denial reason is no longer valid. If approved, Federal
Student Aid will submit an approved PLUS loan to the financial aid office.
appeal with an endorser
If you are unable to successfully appeal the credit decision, you may also find an
endorser to co-sign your PLUS loan application. Choose an endorser with a strong credit
- Your Endorser must log into StudentLoans.gov with their own FSA ID.
- Under PLUS Loan Process select Endorse a PLUS Loan.
- Enter the borrower's last name and the endorser code/award identification number the
parent borrower received when denied the loan.
- Fill out and submit Endorser Addendum.
request additional unsubsidized loans
If your parent is unable to appeal the credit decision or use an endorser, the student
will become eligible to borrow additional unsubsidized loans based on the PLUS denial.
- Submit a PLUS Denial — Request for Additional Unsub, found within Forms & Online Services.
- Students with 0-59 completed credits can request an additional $4,000 in unsubsidized
loans for the financial aid year ($2,000/semester).
- Students with at least 60 completed credits can request an additional $5,000 in unsubsidized
loans for the financial aid year ($2,500/semester).